Bad News !! Petrol Prices Increased Again By Government

July 16, 2021 / By Zunair Tahir / News Pakistan

• Petrol prices have been raised by Rs5.40 for the next 15 days.
• Because to the rise in international oil costs, the government claims it has no choice but to raise POL prices.
• According to the Finance Ministry, the government is doing all possible to help the people.

ISLAMABAD: The price of fuel in Pakistan hit its highest level in history when the government issued a Rs5.40 per litre hike, bringing the new price to Rs118.9 per litre.

According to Petroleum Division authorities, the previous highest petrol price was PKR 117.83 per liter published on August 1, 2019. Because of the rise in crude oil prices in the international market, the government hiked the price of petrol by Rs5.40 per liter and of high-speed diesel (HSD) by Rs2.54 per liter for the next two weeks on Thursday.

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Similarly, kerosene and light-diesel oil (LDO) prices have been raised by PKR 1.39 and PKR 1.27 per liter, respectively.

After the increase, petrol will sell at Rs118.09 per litre, diesel at Rs116.53, kerosene at Rs87.14 and LDO at Rs84.67.

The new prices will be effective from today.

‘No Relief’

Fawad Chaudhry, Minister of Information and Broadcasting, stated in a tweet that the government had “no option” but to raise the petrol price due to worldwide market pricing.

In terms of petrol pricing, he stated that it will cost Rs118 per litre in Pakistan,

• Rs146 in Bhutan
• Rs147 in Sri Lanka
• Rs167 in Bangladesh
• Rs172 in Nepal
• Rs189 in China
• Rs220 in India

Any Relief For the People

According to a finance ministry statement, the government has been giving maximum comfort to customers by lowering the prices of petroleum goods since April 2021.

It stated that, despite rising worldwide oil costs, the government decided not to transfer the whole expense of the increase on to consumers. The sales tax and fuel levy rates have been lowered to give maximum assistance to consumers. It went on to say that the Oil and Gas Regulatory Authority had proposed a Rs11.50/litre rise in fuel prices, but the prime minister only approved a Rs5.4/litre increase to offer maximum comfort to the population.

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